Nov
17
The following stocks (NYSE:HII, NASDAQ:GGAL and NASDAQ:ACAS) are overbought as their Relative Strength index (RSI) is above 70. Indeed, the RSI is one of the most popular technical indicators and is computed on the basis of the speed and direction of a stock’s price movement, generally in a 14-day window. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days. This implies that the RSI can also be used to identify the overbought/oversold levels. Most technical analysts consider the RSI value above 70 as ‘overbought zone’ and below 30 as ‘oversold zone’.
Huntington Ingalls Industries Inc (NYSE:HII)(Trend analysis) relative strength index stands at 71.22. Huntington Ingalls Industries Inc (NYSE:HII) stock is currently trading 8.72% below its 52-week-high, 28.22% above its 52-week-low. The 1-year stock price history is in the range of $102.52 – $144. Huntington Ingalls Industries Inc (HII) has a price to earnings ratio of 15.79 versus Industrial Goods sector average of 37.15. Huntington Ingalls Industries Inc is currently valued at $6.17 billion. The stock has a 50-day moving average of $114.33 and a 200-day moving average of $116.41.
There are currently twelve analysts that cover Huntington Ingalls Industries Inc stock. Of those twelve, five have a Buy rating, five have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $138.7.
The stock closed last trading session at $131.45, up by 3.11%.
Grupo Financiero Galicia SA (ADR) (NASDAQ:GGAL)(Trend analysis) relative strength index is at the level of 73.55. The company’s shares were traded at $26.89, up by 3.11%, with a volume of 731,227 shares against an average volume for the last 3 months of 442,645. This represents a volume multiple of 1.65.
Grupo Financiero Galicia SA (ADR) (GGAL) current short interest stands at 2.81 million shares. It has increased by 4% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.55 million shares, the number of days required to cover the short positions stand at 5.1 days.
A recent stock analyst activity consisted of Piper Jaffray upgrading their Market Perform rating to Outperform on July 20. Piper Jaffray set their price target at $30.
American Capital Ltd (NASDAQ:ACAS)(Trend analysis) relative strength index is evolving around the 78 level. The stock closed last trading session at $14.71, up by 2.8%, with a volume of 4,496,868 shares compared to an average volume for the last 3 months of 2,859,280. The year-to-date performance of the stock stands at 69.9%.
American Capital Ltd (ACAS) current short interest stands at 5.8 million shares. It has increased by 12% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.22 million shares, the number of days required to cover the short positions stand at 1.2 days.
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